“On a relative basis, flows to ESG funds remain healthy, as compared to traditional funds. So one could say that from the asset managers’ perspective, the ESG model isn’t broken. Actually, its proven very resilient,” says Pucker, who has written extensively on ESG investing. “From the perspective of the planet, ESG is almost irrelevant. And from the perspective of the individual or institutional investor who thinks they are getting either alpha impact, I would argue it is broken.”
https://www.barrons.com/articles/sustainable-funds-face-big-challenges-esg-winners-51672961981
We talk with Ken Pucker, Advisory Director at Berkshire Partners and a Senior Lecturer at the Fletcher School at Tufts University.
For two decades progressive thinkers have argued that a more sustainable form of capitalism would arise if companies regularly measured and reported on their environmental, social, and governance (ESG) performance. But although such reporting has become widespread, and some firms are deriving benefits from it, environmental damage and social inequality are still growing.